The U.S.-listed shares of Taiwan Semiconductor Manufacturing Co. Ltd. TSM TW:2330 slumped 2.9% in premarket trading Thursday, after the contract semiconductor maker topped second-quarter earnings expectations but margins that contracted, while providing a somewhat downbeat outlook. Net income fell to NT$181.80 billion , or $1.14 per American depositary share. Revenue fell 10.0% to NT$480.84 billion . The FactSet consensus was for earnings per ADS of $1.07 and revenue of NT$479.87 billion.
9% in premarket trading Thursday, after the contract semiconductor maker topped second-quarter earnings expectations but margins that contracted, while providing a somewhat downbeat outlook. Net income fell to NT$181.80 billion , or $1.14 per American depositary share. Revenue fell 10.0% to NT$480.84 billion . The FactSet consensus was for earnings per ADS of $1.07 and revenue of NT$479.87 billion. Gross margin contracted to 54.1% from 56.3% in the first quarter and from 59.1% a year ago.